Shabbar Zaidi appointment as FBR chairman without advertisement may tantamount to contempt of court

ISLAMABAD: The selection committee has observed that appointment of Shabbar Zaidi without advertising the post as chairman of the Federal Board of Revenue (FBR) and Secretary Revenue Division may tantamount to contempt... Read more »

SBP sells T-Bills worth Rs560bn at 11.249pc cut-off yield

KARACHI: State Bank of Pakistan (SBP) has sold treasury bills amounting Rs560 billion at cut-off yield at 11.2491 percent, much above the key policy rate of 10.75 percent. Read more »

PTCL offers 40 percent discount on all new connections

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) has offered 40 percent discount on installation charges on all new connections for a limited time period only, a statement said on Wednesday. Read more »

Meezan Bank signs payment services pact with PSL

KARACHI: Meezan Bank, leading Islamic bank in Pakistan, has recently joined hands with Port Services Limited (PSL), Sialkot as their exclusive partner for payments & cash management services, a statement said on... Read more »

Careem signs agreement to provide logistic solution to Unilever

KARACHI: Careem – the app based logistic service – has signed an agreement to provide solution to Unilever for its logistic business. Read more »

FBR sets up committee to address complaints in contract bidding

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday constituted a grievances redressal committee to resolve the complaints of bidders pertaining to contracts of the revenue body. Read more »

FBR field offices show resentment on appointment of chairman from private sector

KARACHI: A massive resentment has been shown by the employees of Federal Board of Revenue (FBR) on nomination of a chartered accountant for top post of the revenue body. Read more »

PSX issues list of 25 top performing companies

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday issued the list of 25 top performing companies for the year 2017. Read more »

Rupee makes significant gains against dollar

KARACHI: The rupee made significant gain of 17 paisas against dollar on Wednesday after sufficient inflows of remittances and export receipts. Read more »

Equity market plunges by 596 points on expected tough budgetary measures

KARACHI: The equity market plunged by 596 points on Wednesday owing to concerns over interest rate rise and tough measures in the budget. Read more »

Withholding tax rates on electricity consumption for tax year 2019

KARACHI: The electricity supply company shall collect advance tax from industrial and commercial consumer as per updated withholding tax card for tax year 2019 issued after amendments made to Income Tax Ordinance,... Read more »

Sales Tax Act 1990: tax payment by company in liquidation

KARACHI: The sales tax law has defined the procedure for liability for payment of tax in case of private company is in state of liquidation. Read more »